Indices (Weekly chart)
Dow Transportation closed at 9972.1 with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 192.81. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Dow Industrial touched all-time high of 23328.84 and closed at 23328.63 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 441.72. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Russell 2000 closed at 1509.2469 with a high closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 21.3707. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Nasdaq 100 touched all-time high of 6129.49 and closed at 6108.82 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 78.02. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
S&P 500 touched all-time high at 2574.5 and closed at 2573.50 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 32. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $52.07 per barrel with a bullish spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.69. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Gold futures (GC) closed at 1281.8 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Weekly trading range was 30.8. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.
Agriculture (DBA) ETF closed at 18.99 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.2712. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Commodities (DBC) ETF closed at 15.60 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.2566. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 152’03 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.3437. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.69 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.45. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.661 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.7419. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1785 with a bearish spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.0127. TSI is in a positive cycle and negative slope.
USD/JPY closed at 113.49 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.9149. TSI is in a positive cycle and positive slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLB, XLU, XLI and XLV respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLB, XLE, XLI, XLK and XLV respectively.
Market Internals
Market Sentiment is positive. Market Breadth is sloping downwards. Volumetric Acc/Dis is sloping upwards. SKEW is at 148.81. Vix is at 9.97 and Vix futures is at 11.325.
The Week Ahead
It has been a week of new highs in the indices. Vix and Vix futures are showing no fear in the market. Indices continue to make new highs on the beliefs that the tax reform in the US will be passed by the Senate and Congress. The prognosis is for continued strength in the indices.
Penny Stocks Buy watchlist
ADHD, ARDM, BBG, BW, CLD, CRRFY, DEST, DMTX, DRYS, FCEL, GNMX, ITEK, PDLI, PLUG, SBGL, SRAX, TNK and VKTX.
To YOUR wealth!
Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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20 October 2017 – Indices and bitcoin breakout to new highs!
Indices (Weekly chart)
Dow Transportation closed at 9972.1 with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 192.81. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Dow Industrial touched all-time high of 23328.84 and closed at 23328.63 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 441.72. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Russell 2000 closed at 1509.2469 with a high closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 21.3707. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Nasdaq 100 touched all-time high of 6129.49 and closed at 6108.82 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 78.02. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
S&P 500 touched all-time high at 2574.5 and closed at 2573.50 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 32. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $52.07 per barrel with a bullish spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.69. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Gold futures (GC) closed at 1281.8 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Weekly trading range was 30.8. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.
Agriculture (DBA) ETF closed at 18.99 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.2712. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Commodities (DBC) ETF closed at 15.60 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.2566. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 152’03 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.3437. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.69 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.45. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.661 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.7419. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1785 with a bearish spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.0127. TSI is in a positive cycle and negative slope.
USD/JPY closed at 113.49 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.9149. TSI is in a positive cycle and positive slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLB, XLU, XLI and XLV respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLB, XLE, XLI, XLK and XLV respectively.
Market Internals
Market Sentiment is positive. Market Breadth is sloping downwards. Volumetric Acc/Dis is sloping upwards. SKEW is at 148.81. Vix is at 9.97 and Vix futures is at 11.325.
The Week Ahead
It has been a week of new highs in the indices. Vix and Vix futures are showing no fear in the market. Indices continue to make new highs on the beliefs that the tax reform in the US will be passed by the Senate and Congress. The prognosis is for continued strength in the indices.
Penny Stocks Buy watchlist
ADHD, ARDM, BBG, BW, CLD, CRRFY, DEST, DMTX, DRYS, FCEL, GNMX, ITEK, PDLI, PLUG, SBGL, SRAX, TNK and VKTX.
To YOUR wealth!
Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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